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is going to go into recess and go to hawaii, i think it's a bad message for the economy. we should have dealt with this months ago. the house passed. we did the responsible thing, we passed a bill in august to keep all the tax rates even. the country has to remember that the house has acted it's only the united states senate and the president that have not come together. bill: we'll see if we see you both on the 26th of december, some time that week. thank you for your time. martha: what are the consequences this lawmakers do not reach a deal in time? are we on our way as some warn to becoming greece? doug mcelway is live ph washington. there are nice things about greece that you won't mind emulating, but your budget, their economy not one of them. >> the parthanon a nice thing to see when you go to athens. when ron paul was running he got huge applause when he said a government that continues to deval its currency destroys the middle class. >> they don't have the money, they run out of borrowing power, guess what they do. they start printing money. >> reporter: the federal reserve has
officials say the staff discussions are continuing even though the president's in hawaii. most everybody is vacated the capitol. but we're eight days away until the spending cuts and big tax hikes kick in for every american and at this moment the negotiations really do appear to be at a standstill notwithstanding talks. there are serious questions whether a compromise could be reached. lawmakerses warn no deal could plunge our economy into recession. here is senator joe lieberman. >> it's the first time i feel it is more likely we will go over the cliff than not and, if we allow that to happen it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history because of the impact it will have on almost every american. gregg: marjorie clifton, former consultant to the obama campaign and principal of clifton consulting and tony sayegh, worked former vice-presidential nominee jack kemp and take radio news service. merry christmas. marjorie, let me start with you. past presidents who were very successful forcing a compromise on b
. as you were saying he's en route from hawaii to washington for any last-minute fiscal cliff talks. he left his wife and two daughters in hawaii when he left last night hawaii time. he has been in touch with harry reid's office over the holidays and we did get a scheduled update that the vice president will be here at the white house today for meetings. at this point not a lot of encouraging signs coming out of the white house or capitol hill that a fiscal cliff deal is in sight. patti ann: are there any other meetings set with house republicans? >> reporter: nothing yet, although that can change. we do know that house republican speaker john boehner is still in his home state of ohio. his spokesman says he'll update if there are any travel changes, meaning he'll let us know if the speaker decides to come become to washington for any kind of meetings. house republicans say they passed the stopgap measure extending all existing tax cuts and are pressing the senate to approve it. in a statement yesterday the house g.o.p. leadership said quote the lines of communication remain open and we
Search Results 0 to 2 of about 3